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What the Allowance for Doubtful Accounts balance at December

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Question - Jack Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2013:

Allowance for doubtful accounts, 1/1/13 (Cr.) $12,000

Accounts written off as uncollectible during 2013 9,000

Credit sales in 2013 1,500,000

Required - What the Allowance for Doubtful Accounts balance at December 31, 2013?

Reference no: EM133055317

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